– January saw the highest monthly client volumes in voice and electronic trading since our records began in June 2008.
– We saw record volume highs last month in EUR/JPY, EUR/GBP, EUR/AUD, USD/JPY, MXN/JPY, AUD/USD, NZD,USD, USD/ZAR and USD/SGD.
– The standout was EUR/JPY which posted its highest volume level by a long way.
– The surprise was AUD/USD which posted record volumes while holding in a tight range.
– Month-end is typically a heavy volume day, but while activity was heavy it wasn’t even a top-10 day for the month overall, cautioning against excessive optimism in February.
Click here to read the full report: Technical Research
Barclays Capital